US-Japan trade deal robs NZ exporters of CPTPP advantage
By Pattrick Smellie Sept. 27 (BusinessDesk) - New Zealand beef and cheese exporters to Japan will be robbed of the recently acquired advantage over US producers, who will gain access to the high-value market on the same terms as CPTPP signatories, despite the US walking away f...
UPDATE: Mercury NZ forced to use satellite pix for gas market clues
(adds comment from OMV at sixth par) By Pattrick Smellie Sept. 27 (BusinessDesk) - An "unacceptable disclosure regime from gas suppliers" forced electricity generator and retailer Mercury NZ to use satellite photographs to work out what might be happening in the local natur...
BusinessNZ energy lobbyist John Carnegie to lead fossil fuel industry group
By Pattrick Smellie Sept. 25 (BusinessDesk) - Long-time executive director of the Business New Zealand Energy Council, John Carnegie, is to take the reins as chief executive of the Petroleum Exploration and Production Association of New Zealand. He was Genesis Energy's gove...
Plunging interest rates deliver whopper long term ACC deficit
By Pattrick Smellie Sept. 25 (BusinessDesk) - Plunging global interest rates have delivered the Accident Compensation Corporation's biggest-ever deficit on its 100-year Outstanding Claims Liability, at $8.7 billion for the year ended June 30. Since that date, further intere...
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